StockNews.com assumed coverage on shares of Origin Agritech (NASDAQ:SEED – Free Report) in a research note published on Friday. The firm issued a sell rating on the biotechnology company’s stock.
Origin Agritech Trading Up 14.4 %
Origin Agritech stock opened at $2.55 on Friday. Origin Agritech has a one year low of $1.63 and a one year high of $10.80. The stock has a fifty day moving average of $2.99 and a 200 day moving average of $3.88.
Institutional Trading of Origin Agritech
A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its position in Origin Agritech by 26.3% in the first quarter. Bank of America Corp DE now owns 8,063 shares of the biotechnology company’s stock worth $67,000 after buying an additional 1,681 shares in the last quarter. UBS Group AG increased its position in Origin Agritech by 5,760.0% in the first quarter. UBS Group AG now owns 5,860 shares of the biotechnology company’s stock worth $35,000 after buying an additional 5,760 shares in the last quarter. BlackRock Inc. increased its position in Origin Agritech by 2.8% in the third quarter. BlackRock Inc. now owns 254,882 shares of the biotechnology company’s stock worth $2,207,000 after buying an additional 7,003 shares in the last quarter. PFG Advisors purchased a new stake in Origin Agritech in the second quarter worth about $44,000. Finally, Virtu Financial LLC purchased a new stake in Origin Agritech in the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 1.03% of the company’s stock.
Origin Agritech Company Profile
Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. Its products include corn, soyabean, canola, and rice seeds. The company is also involved in the development, production, and distribution of hybrid crop seeds, as well as develops hybrid seed technology.
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